Richard Williamson

A decision to delay an $83 million refunding until Britons voted on an exit from the European Union proved highly rewarding for Arkansas as interest-rate savings far surpassed earlier expectations, according to those involved in the sale.

San Antonio plans to offer the market $564 million of revenue refunding bonds for CPS Energy as the city copes with rapid growth.

With dozens of oil and gas company bankruptcies, energy producing states face a growing backlog of abandoned wells as revenue to fix the problems dwindles.

Dallas plans to take advantage of continuing low interest rates with a $640 million issue of water and sewer bonds that combine new money and refunding.

For the second straight year, Texas will not need to issue tax and revenue anticipation notes to manage its cash-flow needs, Comptroller Glenn Hegar announced.

Good Shepherd Medical Center took a three-notch downgrade to B-minus on Standard & Poor’s Global Ratings scale as the East Texas hospital struggled to maintain its Medicare reimbursements.

Oklahoma’s recently enacted budget offers positive credit factors for public schools but negative factors for higher education and the state itself, according to Moody’s Investors Service.

A slowdown in oil exploration and production gives Texas an opportunity to repair damaged roads under a $3 billion program funded by state revenues from the industry, officials say.

Faced with a state Supreme Court threat to block distribution of funds to Kansas public schools, Gov. Sam Brownback called a special session of the legislature to provide a funding solution.

Using new criteria, Standard & Poor’s Global Ratings warned that eight federal prisons operated privately for profit could see downgrades or upgrades.

Oklahoma Gov. Mary Fallin voiced regret that the newly approved state budget did so little to solve structural imbalances.

Arlington, Texas, may pay off the debt it issued for a pro football stadium to clear the path for subsidizing a pro baseball stadium.

In its first deal with Frost Bank as its financial advisor, San Antonio Independent School District achieved savings of more than 18% on the refunding portion of a $123.7 million issue. The negotiated sale is scheduled to close June 9.

Oklahoma Gov. Mary Fallin announced an agreement with legislative leaders that narrows the state’s $1.3 billion budget gap while averting what she called a “worst-case scenario.”

Arkansas lawmakers ended a special session Monday with approval of a bill to raise $50 million for highways, allowing the state to receive $200 million in federal funds.

The University of Texas System will issue $215 million of triple-A-rated debt that includes some of the $922 million in tuition revenue bonds authorized by the 2015 Texas Legislature.

Mission Regional Medical Center, in the Lower Rio Grande Valley of Texas, suffered a five-notch downgrade to B-minus from Standard & Poor's Global Ratings. The downgrade affects $26.5 million of outstanding debt.

With revenues continuing to fall below forecast, Kansas Gov. Sam Brownback reduced spending by $100 million, with cuts to universities, transportation, and Medicaid, among other services.

The Texas Supreme Court’s decision to uphold Texas’ “Byzantine” school funding formula will end three years of litigation but have no immediate impact on state or local school district credits, according to Moody’s Investors Service.

Days after winning voter approval of $155 million of bonds to keep pace with growth, the Anna Independent School District on the outskirts of Dallas took a two-notch downgrade from Moody's Investors Service. Anna was one of dozens of Texas school districts whose voters approved nearly $5 billion of bonds May 7.